FREMONT (KCBS) – With gold selling for more than $1,600 an ounce, a South Asian tradition of wearing gold jewelry has made them a target for thieves, Fremont police said Friday.

An Asian Indian family held up at gunpoint as they returned home from a trip on September 11 is just one in a series of recent robberies and burglaries apparently driven by soaring gold prices, said Det. Bill Veteran with the Fremont Police Department.

“When they came back from the airport, they were confronted by two men,” Veteran said.

Their home was ransacked and the thieves made off with $20,000 in jewelry.

“At this point, we’re not sure if they were there to burglarize the house or if this family was in fact targeted,” Veteran said.